The global Ball Valve market accounted for US$ 10.38 Bn in 2016 and is expected to grow at a CAGR of 2.44% during the forecast period 2017 – 2025, to account for US$ 12.89 Bn in 2025.

The global ball valve market has been segmented by type into rising stem, floating and trunnion mounted ball valves. On the basis of material, the market is bifurcated into stainless steel, cast iron, cryogenic, alloy and others. Also, by end-user verticals, the market is categorized into water management, oil & gas, chemicals, pharmaceuticals, energy & power and others. The oil & gas segment under end-user verticals segment had accounted for the largest share of the ball valve market in 2016 and is expected to continue its dominance to grow at the highest CAGR of 2.8% between 2017 and 2025.

In the material segment, stainless steel segment had the largest share of the ball valve market in 2016 however, cast iron segment is anticipated to grow at the highest CAGR between 2017 and 2025. The geographic segments included in this report are North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

The adoption of ball valve technology is constantly increasing with the increased development in the pipeline infrastructure worldwide. The continuous growth of the market is attributed to the rapid industrial growth particularly, in developing economies.